The country's headline index KSE 100 has surged 36 percent since the beginning of April. In comparison, Nifty has gained 33 percent while other prominent Asian markets have risen 8-23 percent
If somehow you missed the coronavirus slamming the global economy like a wrecking ball, current market levels certainly do not reveal the wild swings that unprecedented events unleashed.
The new Long rocket series comprises a cluster of solid fuelled rockets codenamed the Smart Dragon (SD) family, and a Tenglong liquid-propellant rocket were unveiled on Sunday by the China Rocket, a commercial space wing of the country's leading rocket-maker China Academy of Launch Vehicle Technology, official media reported on Monday.
Roubini has said it is “a scary time for the global economy” even though the sentiment in stock markets does not reflect it.
It is time to bring the global trends to domestic market and make Indian manufacturing an exporting sector as it is an essential growth enabler, he said.
Front-month Brent crude oil futures were at $77.05 a barrel at 0428 GMT, down 29 cents, or 0.4 percent, from their last close.
The stock market in India currently opens at 9 am and closes at 3.30 pm, but there is a view -- including among stock exchanges -- that the trade hours could be extended till up to 7.30 pm to better align domestic trading with global markets.
A look at top cues from domestic and international markets, which could have a bearing on the Dalal Street on Monday.
US West Texas Intermediate crude (WTI) edged down 3 cents to USD48.37 a barrel by 0026 GMT. The contract ended down 9 cents in the previous session after touching USD47.90, the lowest since the end of November.
The bank's capital ratio, a key measure of financial strength, rose to 12.4 percent against analysts' expectations it would only reach 11.8 percent.
Total demand for gold -- whose twin drivers are jewellery and investment buying -- advanced 2 per cent to 4,309 tonnes compared with 2015, London-based industry body WGC said in a report.
The supply crunch has driven up prices in India to levels higher than in the global market and could force buyers to switch to other producers like the United States, Brazil and African countries. It could also curb India's total exports in the 2016/17 year marketing year that started on October 1.
A favourable policy regime and robust business environment have made India a preferred destination for global money managers, says Swati Kulkarni, Executive Vice President and Fund Manager at UTI Mutual Fund in an interview to Moneycontrol.
A top government official who is also a part of the delegation said India is "actively seeking" more FDI in areas like engineering and high technology, including defence, from countries in the Central and Eastern Europe, especially the Czech Republic.
Lower demand from the two countries, which account for more than half of the global market, could limit a rally in global prices which are trading near a two-year high.
Global sugar refining margins have fallen after the latest ICE raw sugar rally, driven by a shift of the global market into deficit. Margins could recover, however, as Indian low quality white sugar exports from mills would halt after the planned imposition of the tax, traders said.
Noting that innovation is the antidote to stagnation, the President said with rapid changes occurring in science, education and research, only those countries having a technological edge will emerge successful in the fiercely competitive global market.
The country had exported 6.7 million bales (of 150 kg each) in the 2014-15 marketing year (October-September). Major export destinations include Bangladesh, Pakistan and Vietnam.
HSBC, Europe's biggest bank, reported on Tuesday a pretax profit of USD 6.1 billion for the first three months of this year, down from USD 7.1 billion a year ago, but above the average forecast of USD 4.3 billion from analysts polled by the company.
In futures trading, silver for delivery in May was up by Rs 598, or 0.14 percent, at Rs 41,625 per kg at the Multi Commodity Exchange, in a business turnover of 58 lots.
At the Multi Commodity Exchange, silver for delivery in far-month July was trading higher by Rs 516, or 1.23 percent, to Rs 42,300 per kg, in a business turnover of 3,367 lots.
In a portion of its latest Global Financial Stability Report, the IMF said developments in emerging markets now account for one-third to 40 percent of the variation between stock market returns and exchange rate fluctuations worldwide.
"India has created over the years many banks and none of them are of international standards," said Goyal, Minister of State for Power, Coal, New and Renewable Energy, addressing a seminar in Singapore via video-conferencing.
An all-time high agricultural credit of Rs. 9 lakh crore as well as provision of Rs. 15000 crore towards interest subvention to reduce burden of loan repayment is a very important announcement.
Paulson & Co.'s merger arbitrage fund, the firm's largest fund with around 60 percent of the hedge fund's total capital, was able to keep performance relatively stable, ending December up about 2 percent and closing the year down approximately 3 percent.